Accounts payable (AP) is a critical function for any business, but it can also be a time-consuming and error-prone process. Manual AP procedures can lead to delays in payments, inaccurate records, and increased risk of fraud.
Nimbello is an AP automation solution that can help SyteLine users streamline their AP processes and improve efficiency, accuracy, and compliance. Below are six benefits of using Nimbello for AP automation within SyteLine:
- Cost savings: AP automation can help you save time and money by automating manual tasks such as invoice data entry, matching invoices to purchase orders, and approving payments. In a recent study, IOFM calculates automation has reduced processing costs per AP invoice from $6.30 to $1.45, and that AP teams could process twice the number of invoices in the same amount of time
- Increased efficiency: AP automation can help you speed up your AP processes and free up your employees to focus on more strategic tasks. A study by the Aberdeen Group found that businesses that automate their AP processes can achieve a 25% reduction in AP cycle time.
- Improved accuracy: AP automation can help you reduce the risk of errors by automating data validation and matching. A study by the Institute of Management Accountants found that businesses that automate their AP processes can reduce their error rate by up to 80%.
- Compliance: AP automation can help you ensure that your AP processes are compliant with industry regulations. For example, AP automation can help you track payments to ensure that you are not violating any payment terms or regulations.
- Scalability: AP automation can scale to meet the needs of your growing business. As your business grows, you can easily add more users and invoices to your AP automation solution.
- Integration: Nimbello integrates seamlessly with SyteLine, so you can easily import your data and start using the solution right away.
If you're looking for a way to improve your SyteLine AP processes, Nimbello is a great option. Contact us today to learn more about how Nimbello can help you save time, money, and improve your AP efficiency.
Here are some additional benefits of using Nimbello for SyteLine AP automation:
- Enhanced visibility: Nimbello provides you with real-time visibility into your AP processes, so you can track invoices, payments, and expenses.
- Improved collaboration: Nimbello makes it easy to collaborate with your team members and vendors, so you can get things done faster.
- Reduced risk: Nimbello helps you reduce the risk of fraud and errors, so you can protect your business.
If you're looking for a reliable and affordable AP automation solution for SyteLine, Nimbello is the perfect choice. Contact us today to learn more by scheduling an AP Assessment with the link below.
